After the adoption by the city council of its resolution ordering designation of the area of benefit and the establishment of the amount of the facilities benefit assessment(s) as provided in Section 3.120.100 of this chapter, no building permits shall be issued for development on any land included within the area of benefit unless and until the facilities benefit assessments established by said resolution for such lands have been paid. The facilities benefit assessment shall be paid upon the issuance of building permit(s) for development or at such time as the capital improvement program for the area of benefit in which the assessed land is located calls for the commencement of construction of the public facilities project. In the event that a landowner desires to proceed with development of a portion of the landowner's property, based on a phased development program, which is subject to a lien for the total amount of facilities benefit assessments as provided in this chapter, the landowner may obtain building permits for the development phase after paying a portion of the facilities benefit assessments and making provision for payment of the remainder of the facilities benefit assessments to the satisfaction of the city manager. Money received by the city as payment of the facilities benefit assessments shall be deposited in a special fund established for the area of benefit and shall thereafter be expended solely for the purpose for which it was assessed and levied. Upon payment of the facilities benefit assessments as provided in this chapter, the lien which attaches pursuant to Section 3.120.110 of this chapter shall be discharged. In the event the partial payment is made based on a phased construction program, the city shall release the portion of the property for which building permits have been issued from the lien of the facilities benefit assessment. (Prior code § 39.01.012)